Ind-AS Master Class

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We recently completed our "fourth" batch of Ind-AS Master Class, which received some exceptional feedback. In continuation of the same, we are now launching the "fifth" edition.

This comprehensive 4-day master class will provide a detailed understanding of Ind-AS, differences from the current Indian GAAP, insights into the practical application issues of implementing Ind-AS and Ind-AS conversion considerations for management including changes required to IT systems and other business practices.

This Master Class will be delivered by senior professionals who have extensive training experience as well as experience of working on IFRS/GAAP conversion engagements. Facilitators will also share global best practices and perspectives to provide a holistic understanding of the challenges related to the transition to Ind-AS.

For corporate enrolment OR enquiry about any other training program, please write to us at Kounal@henryharvin.com

Contact Us:
Kounal Gupta
+91 9015266266
Kounal@henryharvin.com

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Don't worry, we don't believe in spamming !
ABOUT COURSE | Top 10 Queries

    Ind-AS Master Class

    India has now finally opened a new chapter in its accounting reforms initiative with the formal notification of Indian Accounting Standards (Ind-AS) issued by the Ministry of Corporate Affairs (MCA) on 20 February 2015. Nearly 39 new accounting standards have been notified bringing them in convergence with the globally recognised International Financial Reporting Standards (IFRS).

    Even though most of Ind-AS are very close to IASB IFRS, there are few areas where MCA has carve-outs from principles laid down in IASB IFRS. Some of the important carve outs are in the areas relating to straight lining of lease rentals due to inflation, accounting for foreign currency convertible bonds, use of Indian GAAP carrying values of fixed assets and treatment of exchange differences on long term foreign currency borrowings.

    Transition to Ind-AS is not a mere accounting change but has significant business consequences like:

    1. Modification to Transaction modules required in Corporate IT system.
    2. Impact on key performance indicators like EBITA, Liquidity ratios, net worth, debt covenants and executive compensation plan
    3. Five Step Model to be implemented for Revenue Recognition under IFRS 15.
    4. Component approach and replacement accounting mandatory for Property, Plant & Equipment.
    5. Financial Instruments accounting & extensive new disclosures on capital management.
What is this master class about? Who all should enrol?

This master class aims to provide a detailed understanding of the IFRS converged Indian Accounting Standard (IndAS), its practical application and the key factors to be considered during the conversion to Ind-AS. Some of the key topics which would be covered are: Introduction to Ind-AS, Revenue Recognition, Business Combination, Consolidation, Joint arrangement, Financial instruments (including hedge accounting) and more. This unique training program will be beneficial to CFO’s, finance controllers, accountants, internal auditors and chartered accountants

Do the participants get any master class material before or after the workshop?

All participants will get the master class course content at the venue. In addition, other thought leadership material on Ind-AS is also available on our website.

Will the participants be given a chance to interact on a one-on-one basis with the expert trainers?

The trainers will ensure that the sessions are as interactive as possible and participants are encouraged to ask questions. Additionally, a closing session has been planned to give participants an opportunity to ask questions to the trainers/experts and get their answers on a one-on-one basis.

How do I register? What are the various modes of payment?

Registration for the master class can be done by clicking here. The interested participants can use any of the following modes for payment: Credit Card Debit Card Internet enabled bank account Cash Card Cheque payment - for details contact via email anand.akhouri@in.ey.com

Would an invoice for the payment made be available on request?

On completion of the registration, an invoice will be generated for the payment and one can save it from the webpage itself. The same shall also be emailed to the mailing address specified while registering.

Is there an option to register for a few sessions/days out of the four-day master class?

For participants to derive the full benefit of the master class, it is important to attend all 4 sessions. Unfortunately, there is no option to register for selected sessions/days. Registering for the master class would entail attending all four sessions

What is the process for cancellation/refund of fees?

There are limited seats available for the course. However, in case a cancellation is made before 20 October 2015, the fee will be refunded. Only the registered participant can attend the session.

What are the logistical facilities that are available to participants attending from other cities?

The course fee includes costs of refreshments and lunch only. Stay / travel arrangements have to be made by the participants themselves.

Would the course content contain practical challenges and experience sharing sessions?

Our speakers have vast experience on the diagnostics and implementation of Ind-AS. There will be experience sharing sessions and the course content has been structured in a way that participants are able to gain a full understanding of the practical challenges faced by corporates.

Would the course be specific to any particular industry or type of company?

The course has been designed keeping in mind the general provisions of the Ind-AS and it is not specific to any particular type of company or industry.

Will recorded versions of the sessions be available?

Session recordings will not be available to the participants. Hence, all participants are requested to attend all the sessions for their benefit.

Will we get any certificate upon completion of the program?

A certificate of completion will be issued at the end of the master class program.

How it is beneficial for you?

Advantages to different domains and industries

Learn More

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The main aim of IAS 11 is to make sure that the accounting treatment of revenue and costs associated with construction contract is properly prescribed. Basically a construction contract is a type of contract that is probably negotiated for the design, manufacture and construction of a single asset such as bridge or a number of related assets such as a large factory. Typically the work that is performed on the construction contract often takes more than one accounting period. The construction contract is basically of two types and that is firstly fixed price contract where the contractor agrees for a fixed price and secondly cost plus contract where the contractor is reimbursed for a defined cost.

Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 

Segment reporting in India

Since at present there is no accounting standard on segment reporting, the institute of chartered accountants of India has issued IAS 17 for that purpose. This standard is mandatory for enterprises whose equity or debt securities are listed on a recognized stock exchange in India. Apart from that it will also include all the other commercial, industrial and business enterprise whose annual turnover is more than 50 crores.Thus in today’s business, one needs to record, analyze and report proper information about day to day transaction. Hence for that we need a proper system of segment reporting that will provide all the vital market news, information and technical data related to industries.
 
Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 

Top 7 Reasons Why You Should Adopt Ind AS
1. Increase in the consistency in the application of accounting principles.
2. Will have a significant impact on resource allocation.
3. Ind AS will lead to greater transparency and higher quality reporting in companies.
4. It will bring Indian companies financially on par with global companies.
5. The international standards of Ind AS will help in comparing different companies.
6. Improved access to global capital markets.
7. All of the above are sure to increase the trust of various stakeholders in the company.

Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 

IAS 10
The basic aim of this guidance is to provide guidance for accounting treatment of events that usually take place after the reporting period. Along with that it should also happen before the date of authorization of financial statement for issue. These events can either be favorable or unfavorable. Such type of events is classified into adjusting and non adjusting events. Adjusting events are those types of events that provide additional evidence related to the conditions that existed at reporting date. on adjusting events are those that are indicative of conditions that probably arise after the reporting date. This standard basically requires that if a particular event occurs after the reporting date but before the date of authorization of financial statement, then it will probably affect the going concern status of the entity.

Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 

Advantages of budgeting

Budget is considered to be one of the essential features of control system. Budgeting plays a crucial role in financial planning so as to decide how to allocate resources effectively. It has certain advantages and they are:
1) Budgeting is done so as to fulfil the long term goals of a company and also helps in improving the financial position.
2) They also promote communication and coordination and acts as a guide for action.
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Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 

Objective of budgetary control

Budgetary control is the mere establishment of budgets. It is basically a control technique to prepare budgets relating the responsibilities of budget holders. The main objective of budgetary control is as follow:
1) To communicate all the agreed to goals to all the departments of a particular organisation. This will further help the department to work in a coordinated way.
2) It also helps to evaluate the manager's performance along with supporting their efforts to monitor the operations and take the corrective actions wherever required.
3) It also helps in planning the action effectively so as to make sure that the company resources are being utilized efficiently and effectively.

Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 

Companies had to undergo significant adjustments to comply with the norms of the new accounting standards that were implemented - the Indian accounting standards. In Q1 2016 Ind AS results, organizations have announced adjustments to income on such systems, including reduction of revenue due to gross vs. net presentation of income based on whether the entity is acting in the capacity of principal or agent. Technology, pharmaceuticals, life sciences and healthcare, metals and automotive are a few sectors that have reported significant adjustments to their reported revenue upon adoption of Ind AS. Adjustments were also seen due to gains/losses on defined benefit obligations getting accounted in other comprehensive income under Ind AS instead of the income statement. It is safe to conclude the impacts have not been restricted to any one sector, but a whole range of them have experienced the consequences.

Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi


 

By setting the accounting standards the accountant has following benefits:
•The confusing variations in the accounting treatments that are used to prepare financial statements are either eliminated altogether or reduced to a reasonable extent by the Ind AS accounting standards.
•Certain areas that contain important information are not statutorily required to be disclosed. But adoption of Ind AS standards may call for disclosure of information beyond that required by law.
•The financial statements of different companies from different parts of the world and those from the same country can be compared. This will be possible because of the application of the Ind AS accounting standards.  

Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi


 

A study on the implementation of Ind AS conducted by leading consultancy EY showed results that stood testimony to the fact that Ind AS impacts the bottom line of most of the BSE companies. The new accounting standards which are applicable from April 2016, had impacted the net profit of almost 1/4th of the top 100 BSE companies. It also showed that 28 per cent of BSE 100 companies experienced more than a 10 percent impact on their net profit. 100 BSE companies which were covered in the first phase of Ind AS implementation roadmap were reviewed, and their financial results were studied and this ultimately brought these findings to light.

Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)

Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi


 

An advanced certified course on Indian Accounting Standards by KPMG India. The key objective of the curriculum is to make the candidates understand the important difference between AS and IND-AS, by highlighting the compliances required under the Companies Act 2013 and Draft Compliance and disclosure Standards (ICDS). This is a joint certification by KPMG and NIIT. This course will be beneficial for CFOs, finance directors, strategic planners, accountants, analysts, auditors, graduates who are a part of the accounting team and working on Accounting Standards etc. After the completion of the course the participant will be able to understand and implement Indian Accounting standards in the organization they work in.

Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 
#IndASMasterClass
#Ind-AS
 


 

The financial reporting done by the Indian firms is up for a change. This change is brought by the ministry of corporate affairs by the introduction of Indian Accounting Standards(Ind-AS).  The norms of Ind-AS are similar to that of IFRS. The joint secretary, A.S. Bhatia told in a press release that the government is planning to implement the proposed Ind-AS standards in a month’s time. Once a lot of companies adopt the new Ind-AS standards, the foreign investors will be more interested in investing in the Indian market.  The changes that these standards will bring will be in the traditional income statement, balance-sheet, and cash flow statements; firms will also need to disclose the details of those numbers and how they have computed them.

Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 
#IndASMasterClass
#Ind-AS


 

The impact of adopting IND AS on various company sectors

With the introduction of this new accounting standards called IND AS in the market ,a lot of changes has been observed both good and bad. Recently a company named India Inc has adapted this new accounting standard called IND AS. Due to this the Pharma companies observed a great jump in the net income whereas the infrastructure companies suffered great losses in the first quarter result. The impact of this new accounting standard is not just focused on one sector only. Sectors like pharmaceuticals,automative or industrial manufacturing had a positive impact on them while sectors such as telecom, infrastructure and metal had a negative impact on them. According to industry tracker, companies adopting IND AS will face a major problem of fair value accounting that will impact all assets including the real estate as well.

Upcoming batch of Ind-AS Master Class in Delhi is on 18th-19th & 25th-26th November 2016
 
Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 
#IndASMasterClass
#Ind-AS


 

How Ind AS will increase transparency?
1) Through extensive research, it has been proved that Ind AS training will increase transparency and quality of financial reporting.
2) This will be done through an increase in improved access, consistency and comparability of Indian businesses with the capital markets globally.
3) Thus, Ind AS training and Ind AS courses will create an improved environment for creating analysis for the investors to invest through proper understanding.
4) But one thing that needs to be assured is that sustainable processes are established in order to continually produce meaningful information even long after conversion.
5) In this process of transparency, the main challenge is to train and educate their staff to resource trained staff and replace IT systems to make the process of implementation, a persistent one. This is done through Ind AS training.

Upcoming batch of Ind-AS Master Class in Delhi is on 18th-19th & 25th-26th November 2016
 
Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 
#IndASMasterClass
#Ind-AS
 

What is IND AS?
IND AS also stands for Indian Accounting Standards. It is basically concerned with the accounting and recording of financial transaction along with the presentation of statements such as balance sheet of the company and so on. As far as the financial account is concerned then nowadays all Indian companies are more interested in moving to globally accepted IFRS.All these shifting will cause a lot of change in the capture and reporting system of numbers so keeping this in mind IND AS is trying hard to harmonise Indian accounting rules with IFRS.IND AS not only aims in bringing a change in the way companies present their numbers but will also cause a drastic change in their profit/loss account.

Upcoming batch of Ind-AS Master Class in Delhi is on 18th-19th & 25th-26th November 2016
 
Duration - 4Days
Timing - 9:30 AM - 5:30 PM
Fees - Rs 34,500(inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi
 
#IndASMasterClass
#Ind-AS
 
 

Indian Accounting Standard (Ind AS) 11 which is Constructions Contract where the objective of the standard is to prescribe revenue and costs which is associated with construction contracts.
This contract specifically negotiated for the construction of an asset or a combination of assets which are closely interrelated in terms of their design, technology and function or their ultimate purpose or use.
 
Duration - 4 Days
Timings- 9:30 AM - 5:30 PM
Fees - Rs 34,500 (inclusive of all)
 
Call 9015266266 to speak to a counsellor for Ind-AS Master Class in Delhi.

#IndASMasterClass
#Ind-AS